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Dec 26, 2012
12/12
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talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff, consumers think next year we'll see higher taxes and lower entitlements.
talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people...
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Dec 13, 2012
12/12
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all fiscal cliff related or what? fz fiscal cliff relate end again, bernanke, not
all fiscal cliff related or what? fz fiscal cliff relate end again, bernanke, not
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Nov 29, 2012
11/12
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we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy stocks that are growing at 20% a year at ten times earnings, that's a good valuation. there are a number of those situations there that we're seeing left and right. >> got to go, guys. >> okay. >> sorry, jeff. you know how that works. you guys on the website, you get unlimited amount of space. just go on. >> tell me editor. >> i know. >> thanks, guys. see you soon. let's get over to jackie deangelis with a quick market flash. >> hey, there. watching shares of super value tanking on a headline that talks have stalled. reportedly struggling to get financing for a s
we go off the fiscal cliff. 2013 comes. we go into recession. doesn't that hit corporate earnings, which, of course, has been the best part of this recovery anywhere? >> there's no question about that. i would contend that the market has probably already factored most of that in. when you can buy a number of stocks -- in the hodges small cap fund, we have a number of stocks trading below their growth rate. that's telling you that the market is not expecting good growth. when you can buy...
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Nov 13, 2012
11/12
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cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the markets are going to take off and i think that -- from an outside perspective, things are undervalued if we do that. >> thanks, senator corker, terrific stuff. >>> in a health care summit two years ago when senator mccain challenged president obama on policy, obama offered this in response. >> let me just make this point, john. because we are not campaigning anymore. the election is over. >> all right. but the question is today is it the new obama? some worry about his fiscal and economic legacy. the legacy question. let's bring in democratic vat gist steve mcmahon and grover norquist. is president obama worried about his legacy? will that make him more amenable to make a deal? >> well, i think every president thinks about their legacy. especially any presiden
cliff issue because we are not fiscal cliff is not going to happen. okay. simply is not going to happen. so -- to me, the focus ought to be on solvency and if we can deal with that and take a big step out of that, big step towards solving that, during this december, i agree with you. i think the markets are going to take off and i think that -- from an outside perspective, things are undervalued if we do that. >> thanks, senator corker, terrific stuff. >>> in a health care summit...
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Nov 14, 2012
11/12
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fiscal cliff. >> i have the most important news. elmo. which if you have children, which you do, even if you don't have children and you grew up with elmo or "sesame street," this is the best news -- >> with little kids. >> elmo is it, right? you want to do a little elmo impression? so kevin clash -- there was obviously this accusation made against him with this underaged situation. >> the kid is already over age. he's saying it happened five years ago. >> he's 23 now. >> he's now happily, i'm thrilled to know this, recanted his statement. >> why is he recanting it? >> they put out a statement saying this office represented the 23-year-old man, he wants it to be known that his sexual relationship with mr. clash was an adult con sensual relationship. he will have no further comment on this matter. kevin clash puts out a statement saying -- >> so he was going to take some time off? is he now not going to take any time off? >> i assume he can go back to work. he should go back to work. great news? >>
fiscal cliff. >> i have the most important news. elmo. which if you have children, which you do, even if you don't have children and you grew up with elmo or "sesame street," this is the best news -- >> with little kids. >> elmo is it, right? you want to do a little elmo impression? so kevin clash -- there was obviously this accusation made against him with this underaged situation. >> the kid is already over age. he's saying it happened five years ago....
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Nov 19, 2012
11/12
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part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! finance question of the day -- what went wrong at hostess? look at the results. corporate management gets the blame. union problems, 3 out of 5 say that was the problem there with the twinkies. the american anti-fat kick. 9%. they make an outdated product, 12%. what went wrong? >> what happened is that the demand for the product went way down but they couldn't make the kind of concessions on costs meaning labor costs that they needed to. when the demand for your product is falling, you need to cut back. the labor unions weren't flexible to let them really do it. what we ended up with was a morass. if the unions had been more flexible, we could still buy twinkie gate. >> someone donated an autographed painting by salvador dali. instead of selling it on the floor. goodwill is auction is it off. bid something up over $18,000. >> i love anything with a melted clock and lot
part of the reason they're doing it is because fiscal cliff or no fiscal cliff, taxes are going up next year. >> even since you didn't ask, i say yes also, it is a big problem. >>> let's move on to the twinkie. our yahoo! finance question of the day -- what went wrong at hostess? look at the results. corporate management gets the blame. union problems, 3 out of 5 say that was the problem there with the twinkies. the american anti-fat kick. 9%. they make an outdated product, 12%....
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Dec 5, 2012
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especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this your chance to fill up your cup before the shares really get percolating? cramer is grinding through the facts next. >>> tomorrow we are going to hear from one of my favorite companies and it is starbucks. having its biennial analyst day. right now it is more than ten points off its high for the year. i think it could mark the beginning of the stock's next big rally. you can follow along at actionalertsplus.com. a service that i do with the street. tomorrow i expect a terrific story. i'll give you a preview. lots of people ask me ho
especially the fiscal cliff. in this grim environment you can find sectors that are holding up better than you might think. poncy says the pull back in retail might be just the moment that you want to pull the trigger to this key sector index. wouldn't that be something? stay with cramer and we will be right back. >> coming up. something is brewing. starbucks has been serving up solid returns. but could concerns about its moving to tea mean it is time to layoff the caffeine or is this...
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Nov 20, 2012
11/12
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cliff, the largest fiscal cliff, which according to cbo and to our own analysis would throw the economy into recession, i don't think the fed has the tools to offset that. that's why it is important for congress to address these fiscal issues soon. >> boom. that's where it was. you got that immediate market reaction. you were there. there was a reaction at the crowd too. >> everybody has agreed that was the one thing he said that was probably new information and market moving. and you saw the market move from down 17 on the dow to down 70 on the dow industrials pchl. >> just like that. how worried should investors be? let's find out on today's "closing bell" exchange. steve, are we making too much of this? you know, we know what kind of tools they have available. we know that monetary policy is often at odds with fiscal policy, right? >> with due respect, bill and maria, i think you are making too much of it. he said it before. i don't think there's been any expectation that given the size of the gdp hit that would come from the fiscal cliff, i would be surprised if the market really th
cliff, the largest fiscal cliff, which according to cbo and to our own analysis would throw the economy into recession, i don't think the fed has the tools to offset that. that's why it is important for congress to address these fiscal issues soon. >> boom. that's where it was. you got that immediate market reaction. you were there. there was a reaction at the crowd too. >> everybody has agreed that was the one thing he said that was probably new information and market moving. and...
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Jun 27, 2012
06/12
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three years ago they were worried about how we were about to fall off a cliff. fiscal cliff? no. personal cliff. where household debt served as payments on disposable income far exceeded what people could bear. look at this chart. we are now closing in on levels or percentage of disposable income -- this is from the fed. we last hit 1994. we are about to experience a booming stock market and, of course, a booming economy. meanwhile putting more and more money in the average american's pockets. so much for the cliff that terrorized the stock market four years ago. another cliff. cliff mason is my head writer. so we areç touching every clif right now. cliff. how about the corporate cliff? four years ago our corporations were way too heavily indebted. layer after layer of debt. acquire other companies. given the wall the economy was about to hit. turns out ben bernanke neg yatesed the corporate cliff. you don't hear about a company paying off debt but new debt for coupons. the change is unheralded. i'm heralding it now. if so much happened to the bond market no one seems to care,
three years ago they were worried about how we were about to fall off a cliff. fiscal cliff? no. personal cliff. where household debt served as payments on disposable income far exceeded what people could bear. look at this chart. we are now closing in on levels or percentage of disposable income -- this is from the fed. we last hit 1994. we are about to experience a booming stock market and, of course, a booming economy. meanwhile putting more and more money in the average american's pockets....
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Oct 16, 2012
10/12
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some can be repealed if we if when fall, fiscal cliff. no moves are permanent. but they're undeniable. they did occur. and if you sold these stocks for fear of something that might or might not happen in 2013, you've been snookered, especially when you consider you could have picked up the capital appreciation and the dividends rather than the measly 0.5% return that certificates of deposit gave you if you were sitting on the sidelines, which brings me to the real sideshow that has hurt so many people. the obsession everyone seems to have with tech stocks as an area of innovation and excitement when you aren't getting either from this cohort. we sit here every day and chatter about what is happening with software and hardware on the internet. as if it's the heart and soul of innovation. is it? there is more innovation in the oil field patch. what is new in tech since the ipad two years ago? some revolutionary way to listen to the radio? by the way, i don't heart radio. how about a camera that takes a better picture? how about a better or maybe worse map system?
some can be repealed if we if when fall, fiscal cliff. no moves are permanent. but they're undeniable. they did occur. and if you sold these stocks for fear of something that might or might not happen in 2013, you've been snookered, especially when you consider you could have picked up the capital appreciation and the dividends rather than the measly 0.5% return that certificates of deposit gave you if you were sitting on the sidelines, which brings me to the real sideshow that has hurt so many...
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Nov 12, 2012
11/12
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let them go over the fiscal cliff. the deal is within reach. >> and not even america's favorite stock is immune. >> why are you buying apple here? >> it was overpriced at 536. >> there is one man you can always count on. >> big pop for "sky fall." the newest installment knocked them dead at the box office over the weekend and sold tickets. >> to help us find fast money special guest is in town. let's get to it. "fast money" starts right now. >>> live from the nasdaq market site i am melissa lee. here are the top three trades. the s&p 500 is close behind. should you be buying this dip? what some of the biggest hedgefund dealers are doing to make money. black friday is so yesterday. how retailers are trying to cash in and how you should be trading it right now. we have to get straight to america's most valuable company and that is apple shares falling yet again today. it is not just cnbc taking notice. michael wolf asks whether the age of apple is ending? is this the ultimate contrarien indicator. he says the tip is know
let them go over the fiscal cliff. the deal is within reach. >> and not even america's favorite stock is immune. >> why are you buying apple here? >> it was overpriced at 536. >> there is one man you can always count on. >> big pop for "sky fall." the newest installment knocked them dead at the box office over the weekend and sold tickets. >> to help us find fast money special guest is in town. let's get to it. "fast money" starts right...
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Sep 29, 2012
09/12
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' fiscal cliff. i was thinking like fiscal retaining wall. those okay with you? >>> hey there, booyah and we're going to elect jim cramer for president. >>> this november the choice is yours. vote cramer/bull 2012. he'll help you secure your future. the bull is an experienced politician who loves his country. cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide. ddd#1 >>> time for some housekeeping. on tuesday chris in new york asked about corrections corp of america. symbol cxw. largest owner of privatized prisons in the country. maximum to minute security prisons. i like they pay a .2% yield. they operate more than 65 prisons. more than 90,000 beds in 19 states. sadly the prison market here in the united states is enormous, about $74 billion. i think corrections corp is a pretty long runway for growth. that's considering right now only about 10% of the prison population is outsourced. the stock had a massive run. trading at 20 times last year's earni
' fiscal cliff. i was thinking like fiscal retaining wall. those okay with you? >>> hey there, booyah and we're going to elect jim cramer for president. >>> this november the choice is yours. vote cramer/bull 2012. he'll help you secure your future. the bull is an experienced politician who loves his country. cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide. ddd#1 >>> time for some housekeeping. on tuesday chris in...
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Sep 28, 2012
09/12
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' fiscal cliff. i was thinking like fiscal retaining wall. those okay with you? >>> hey there, booyah and we're going to elect jim cramer for president. >>> this year the choice is yours. vote cramer/bull 2012. they are both -- cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide because it's cool. e i? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. customer erin swensonfree bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups
' fiscal cliff. i was thinking like fiscal retaining wall. those okay with you? >>> hey there, booyah and we're going to elect jim cramer for president. >>> this year the choice is yours. vote cramer/bull 2012. they are both -- cramer/bull 2012. fighting for us, for our children, for america. and for our bull fighting worldwide because it's cool. e i? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep,...
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Oct 23, 2012
10/12
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we have obviously the fiscal cliff, the european cliff but today we have the monetary cliff. following the fed or dornt fight the fed, there is an assumption there the fed is an ongoing force of consistent behavior. as we all learned, the natural today's paper mirroring what traders are talk b that is if you are following the election and mitt romney seems to be doing better, that might not be doing better for mr. bernanke with regard to serving this term out and another term that starts in 2014. >> you were on street signs on october 9th and you were very bullish, calling for the s & p to be at 1600 by the end of the year. are you courageous enough to sometime stand behind that? >> mandy, absolutely. thanks for having me again. i do think that we are having a little bit of obviously of a pull back here and we have a lot of weighing going on in the market for a couple of different reasons. one of the big factors, we have investors buying a lot of protection lately. the vix bouncing 27% off of multiyear lows in the last week and a half. we have a lot of people sitting here and
we have obviously the fiscal cliff, the european cliff but today we have the monetary cliff. following the fed or dornt fight the fed, there is an assumption there the fed is an ongoing force of consistent behavior. as we all learned, the natural today's paper mirroring what traders are talk b that is if you are following the election and mitt romney seems to be doing better, that might not be doing better for mr. bernanke with regard to serving this term out and another term that starts in...
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Aug 3, 2012
08/12
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two is the fiscal cliff. the fiscal cliff is still unresolved. we think it could resolve itself and then you have the debt ceiling and a potential downgrade. we think those factors from a sentiment perspective could really put downward pressure on. >> quickly, jordan, some people might say charts aren't as effective because of the fed, because of the fiscal cliff, because of the election. >> look, you sort of faded but i think i got your pointing. they always say it's different, this time it's different. but the truth is every election there's always a major issue, but the consistency of the data certainly trumps all of that. it's that consistently that we continue to lean on. >> tom, do you feel that the better-than-expected payrolls today killed any chance of further aggressive stimulus from the fed or do you think the tick up in unemployment keeps the fed in play here? >> i think the fed is still in play. it was funny, what we said to investors the other day after that meeting what bernanke did was put emphasis on that report. all today's repo
two is the fiscal cliff. the fiscal cliff is still unresolved. we think it could resolve itself and then you have the debt ceiling and a potential downgrade. we think those factors from a sentiment perspective could really put downward pressure on. >> quickly, jordan, some people might say charts aren't as effective because of the fed, because of the fiscal cliff, because of the election. >> look, you sort of faded but i think i got your pointing. they always say it's different,...
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Dec 1, 2012
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cliff really a fiscal slope. if they come to a compromise the politicians in washington, both republicans and democrats are going to reduce the size of deficit reduction dramatically. my argument will be let's go right down that fiscal slope. let's raise the revenue and make the cuts that have to be made which nobody in washington is willing to make. and let's take a big bite out of the deficit and restore confidence to our markets. >> that's going to kill the economy. this is one of the things i agree with. >> it will not kill the economy. >> if you do those tax increases it will. >> i want to make sure. this is a little different point. i hear you on the fiscal cliff, howard. i appreciate respect of you as much as i may disagree. what's really at stake here, one of the things at stake here, steve moore, is the idea that changing taxes, for example raising tax rates on capital and dividend and private equity firms and individuals and small business, that that doesn't matter. and what i'm saying is, when you see
cliff really a fiscal slope. if they come to a compromise the politicians in washington, both republicans and democrats are going to reduce the size of deficit reduction dramatically. my argument will be let's go right down that fiscal slope. let's raise the revenue and make the cuts that have to be made which nobody in washington is willing to make. and let's take a big bite out of the deficit and restore confidence to our markets. >> that's going to kill the economy. this is one of the...
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Sep 29, 2012
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fiscal cliff. financial joke. anyway the company has 150 million in capital it can use to acquire new production streams. i've seen one analyst who this sandstorm can grow production by an astounding 228% from last year through 2015 on a cumulative basis. even if that figure's too bullish, even within the realm of possibility makes it compelling. i am always looking for a way to play with gold with a lot of up side. at the end of the day this business is about management. they know what risk is. if investing in the royalty streams from gold mines was easy everybody would do it. you and me we'd get in this game. in order to succeed they have to be able to identify mines that in future production will be greater than expected. that's how the company gets good deals. sandstorm can pull this off because their management team has a ton of mining expertise. the ceo and co-founder nolan watson, you may know him as the former chief executive officer at sill have been at silver wheaton. and rio tinto. what blood lines this
fiscal cliff. financial joke. anyway the company has 150 million in capital it can use to acquire new production streams. i've seen one analyst who this sandstorm can grow production by an astounding 228% from last year through 2015 on a cumulative basis. even if that figure's too bullish, even within the realm of possibility makes it compelling. i am always looking for a way to play with gold with a lot of up side. at the end of the day this business is about management. they know what risk...
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Dec 24, 2012
12/12
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fiscal cliff? >> the category -- sorry, i missed that maria. >> the group that gets hit hard and the impact to retail is, if we go over the fiscal cliff which seems likely at this point. >> here is where we think you need to be focused on. it is all about innovation on the four walls of the closet. that's where we see bright spots over all. believe it or not, women's apparel has been a fantastic category. we think the people most at risk are those that are frankly not innovative at all. innovation wins out supreme and as long as unemployment stays in tact, he think the consumer will continue to spend. >> the expectation is, if we go over the cliff, employment does take a hit. and we go into recession. so i mean, eric, i guess the question is, can you retrace, you know, the damage that was already done by going over the fiscal cliff? >> i think one of the things to look at here is that, and you have to look at the back side, is that retailers in respect of inventories, are in the best position possi
fiscal cliff? >> the category -- sorry, i missed that maria. >> the group that gets hit hard and the impact to retail is, if we go over the fiscal cliff which seems likely at this point. >> here is where we think you need to be focused on. it is all about innovation on the four walls of the closet. that's where we see bright spots over all. believe it or not, women's apparel has been a fantastic category. we think the people most at risk are those that are frankly not...
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Dec 1, 2012
12/12
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but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and only howard schultz i believe will tell you that business is smoking in so many places in china to the united states and that tebana will be the next generation starbucks as soon as the merger is completed. the next day yum brands. it's coming to town. that company will have some explaining to do. i will have more on what yums needs to tell us. the sting of the earnings shortfall last night will still be with us no matter how good kentucky fried chicken might taste. also we hear from lulu lem athletics. i got a situation for how to trade this wild stock. wait
but again only on news of setbacks to the fiscal cliff talks. we're not going to go in and buy anything these days. you'll get some representative congressman, senator come on say you stupid idiot. you bought stock and i'm talking on a microphone. i'm sending the stock market down because there's no progress. we have not one but two huge analyst days next week. only one an opportunity to buy. starbucks is coming to town on wednesday. you better get ready for one terrific show as the one and...
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Oct 5, 2012
10/12
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that we would get in fiscal terms from the fiscal cliff. it is possible, not probable, that we go over the cliff and it's possible we get a grand bargain. we put 60 to 70% that there will be some sort of compromise both parties can agree on. >> you don't think the chances of a grand bargain are not particularly great? that there's a long-term address to the whole issue of the fiscal deficit. >> unfortunately, not this time around. >> mohammed, earlier today, the founder of pimco tweeted out some investment recommendations, including buying spanish and italian bonds, government bonds, which sounds almost contrarian when we're so worried about what's going on with europe. what's the investment thesis behind that? >> it's simple. it is to respect what central banks are doing. i think the ecb has left no doubt in anybody's mind, including in its statements just yesterday that it is effectively all in. it is committed to buying as many bonds as it needs to up to three years in order to stabilize the markets. all it needs is the government to del
that we would get in fiscal terms from the fiscal cliff. it is possible, not probable, that we go over the cliff and it's possible we get a grand bargain. we put 60 to 70% that there will be some sort of compromise both parties can agree on. >> you don't think the chances of a grand bargain are not particularly great? that there's a long-term address to the whole issue of the fiscal deficit. >> unfortunately, not this time around. >> mohammed, earlier today, the founder of...
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Oct 25, 2012
10/12
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this, by the way, and not the fiscal cliff, not the fiscal cliff, is behind the vast majority of the hideous shortfalls we've seen in company after company, especially those in the personal computer and dumb phone food chain. but it's also snared the usual winning suspects. google got hit by avnet. they've been pretty reliable. it's not just tech. vf corps has been sliding relentlessly because they made a couple of negative references about europe. that's all it took. i see no negative on the rises. don't expect these stock fortunes to change. step two of the gauntlet, does it have exposure to the election and the fiscal cliff? you want to see how vicious this part of the gauntlet is? do you know the most legitimate big cap upside surprise this week came from boeing? boeing. which jumped a buck and a half, all the way up to 74 and change, at the open yesterday, after reporting a pristine number. and it's been down ever since. because people perceive that it's defense business will be crushed by a congress that can't avoid the fiscal cliff, even as this commercial air space business i
this, by the way, and not the fiscal cliff, not the fiscal cliff, is behind the vast majority of the hideous shortfalls we've seen in company after company, especially those in the personal computer and dumb phone food chain. but it's also snared the usual winning suspects. google got hit by avnet. they've been pretty reliable. it's not just tech. vf corps has been sliding relentlessly because they made a couple of negative references about europe. that's all it took. i see no negative on the...
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Dec 1, 2012
12/12
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i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever ready for this baby. >> hi, jim. john jay, i don't know if anyone ever told you, but you resemble billy joel, not lennon like you showed that portrait. >> if i look like billy joel i'm done eating. done eden. that's a play on where you're from. i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make money. i'm just trying to -- without regina i'm lost. without regina i'm lost! we got some great news to report tonight. our fabulous executive producer regina had a baby girl today. we want to welcome to the world rg2. why
i think we will avoid the fiscal cliff. if that's the case, it's a $66 stock and you could go higher. that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. >> believe it or not, i actually used to be a mountain climber. what do you think? always had the best gear, climb up from whatever crevice or abyss faced me. this is the day when my equipment felt a little superfluous. buckle my helmet, will you? wow, am i ever...
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Oct 11, 2012
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you went right at the fiscal cliff. let's listen to what they said. >> if we do nothing, next year, you'll have the rate of growth slowed to somewhere like 3% to 5%. you'll have unemployment go up another 2% to around -- above 9% and 2 million more people will lose their jobs and we're doing nothing about it. >> it is very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious and maybe the ideas that would have to be put forward will be unattract i have to some people. obviously we're in a position where new discipline is going to have to be imposed, people will be disappointed in the consequence so i think they're going to avoid it. >> they worship, said alan simpson, at the god of re-election. i would emphasize what mr. blankfein said there, the candidates seem in large part to be avoiding the consequences of fiscal cliff precisely because it is so consequential. do you see it that way? >> well, not exactly, tyler. let me ma
you went right at the fiscal cliff. let's listen to what they said. >> if we do nothing, next year, you'll have the rate of growth slowed to somewhere like 3% to 5%. you'll have unemployment go up another 2% to around -- above 9% and 2 million more people will lose their jobs and we're doing nothing about it. >> it is very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious and maybe the...
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Sep 24, 2012
09/12
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you have to address the fiscal cliff at some point, right? >> no. the physical cliff -- the physical cliff and the bush tax cuts are two very separate items. the bush tax cuts run out september 31st, period. unless congress and the president both agree, you know, then some of those are going to run out, or all of them, theatericly. i don't think that will happen. if the president wins, he has the whip vote. we should know that. >> you signed -- >> unless he wants to deal with the president. >> you signed mr. norquist's pledge. can you imagine any circumstances under which you would go along personally with tax hikes in exchange four democratic flexibility on imperatives ornishtives like solving issues of medicare and avoiding big defense cuts? >> well, i am not going to get in theoreticals. it can lower rates while we eliminate loopholes. i think that's the solution. president clinton floated that idea several months ago. why don't we keep the bush tax cuts in place for a year and go to work and redesign the tax system. i think that could be a very
you have to address the fiscal cliff at some point, right? >> no. the physical cliff -- the physical cliff and the bush tax cuts are two very separate items. the bush tax cuts run out september 31st, period. unless congress and the president both agree, you know, then some of those are going to run out, or all of them, theatericly. i don't think that will happen. if the president wins, he has the whip vote. we should know that. >> you signed -- >> unless he wants to deal with...
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Dec 27, 2012
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the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap this year in the s&p 500 over $1 trillion. >> right. >> that's more than the cliff. >> let me go to my facebook friend michael carr. you speak washington ese. the house is convening. the president is -- >> doesn't it just make you sick? >> the were inthing you want to watch is eachon javers. i thought it was a perfect graphic. it's fabulous. you can't make it up. >> what do you do when you don't know what's going to happen, and you really don't. if you can get the debt limit thing right and guess how it's going to turn out or guess that it's actually going to d
the result of the fiscal cliff here is not risk off. it's risk protation into those areas of the investable landscape. look at emerging markets, lock at europe. they are decoupling. if anything, price is still very bull ir. i would rather listen to price. >> why do you say it's still very bullish? >> they recovered almost completely the loss which means the markets thinks tax puts will still be in play. the market is saying it's okay, you know, we've had an increase in market cap...
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Nov 14, 2012
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fiscal cliff, tax issues. everybody on the investor side of course trying to get around some of these potential tax hikes. remember, no matter what a lot of these nonpartisan groups say like office of budget and management or any of them in the real world taxes make people's behavior change. now, if you look at the currency side of the equation, the yen is the big trade everyone is discussing on this floor today. look at a 24-hour chart. the dollar is skyrocketing. what does it mean on the bigger picture a year-to-date chart of the dollar/yen reveals we're close to breakout on the dollar/yen. a big bright spot impacting dollar index. jim, back to you. >> thank you, rick. it's interesting to see a dollar versus yen versus fxe. let's check out latest news on energy and go to bertha coombs at the nimax. >> good morning, jim. a little bit of a weaker dollar helping out the energy complex though we're watching wti. we'll not get inventory numbers today because of the veterans day holiday. won't get those numbers un
fiscal cliff, tax issues. everybody on the investor side of course trying to get around some of these potential tax hikes. remember, no matter what a lot of these nonpartisan groups say like office of budget and management or any of them in the real world taxes make people's behavior change. now, if you look at the currency side of the equation, the yen is the big trade everyone is discussing on this floor today. look at a 24-hour chart. the dollar is skyrocketing. what does it mean on the...
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Dec 27, 2012
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only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 33 points. below 3,000 now at 2957. actually, hasn't been below 3,000 before that. s&p lower by 14 points. a decline of 1%. 1405 so holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam jabbers is in washington. >> reporter: president obama did cut his vacation short in hawaii. he has arrived back at the white house this morning. the president emerging from marine one. what he's going to work on here in washington is pretty much anybody's guess at this point. the senate came back into session this morning and senate majority leader harry reid took to the senate floor to explain that he thought a $250,000 and above extension of the tax -- bush tax cuts could, in fact, pass and he was extremely, extremely angry in ways that you really hear on the
only four hours to go until america goes over the fiscal cliff. the dow jones industrial average down 113 points. had been down 148 points. look at that as we come on the air back above 13,000 level, not by much. the nasdaq, the biggest decline. 33 points. below 3,000 now at 2957. actually, hasn't been below 3,000 before that. s&p lower by 14 points. a decline of 1%. 1405 so holding onto the 1400 level. president obama is back at the white house. all eyes are on senate lawmakers now. amam...
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Nov 19, 2012
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we call this fiscal cliff investing. bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today. cnbc looked at a portfolio of etfs that correlate with the moves in the market on the fear of hitting fiscal cliffs in particular sectors, including etfs that short stocks, negative bets on the market, like the ultrashort s&p eft. down all year, its been a gainer since the election. consumer shorts, technologies, financials have been gainers since the election, until today. with more conciliatory talk coming from the white house and congressional leaders over the weekend, investors are showing more optimism maybe we will avoid the cliff.
we call this fiscal cliff investing. bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today....
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Dec 21, 2012
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fiscal cliff talks. let's be optimistic. use the word stall. the president gave us a little hope tonight that an agreement to avert a middle class tax hike could still occur next week. saw the breakdown play hideously in the session today. nasdaq diving. it makes sense the market got a whacking when you consider that the speaker of the house didn't have enough votes in his own party to push through any tax increases and the president says there's got to be some. that's even for people making more than a million bucks. it was for show. the president would have vetoed the bill. tonight he's not about to let the rich get away with that. whatever that means. we have been worried that since the election the politicians won't rise above partisanship and come to an agreement. we at cnbc has taken an historic position. get a deal done for the good of the country. what faces us is worrisome. nation could see 2 million jobs loss. slashing of unemployment benefits when you are laying people out. dramatic increases in taxes for everyone. including those wh
fiscal cliff talks. let's be optimistic. use the word stall. the president gave us a little hope tonight that an agreement to avert a middle class tax hike could still occur next week. saw the breakdown play hideously in the session today. nasdaq diving. it makes sense the market got a whacking when you consider that the speaker of the house didn't have enough votes in his own party to push through any tax increases and the president says there's got to be some. that's even for people making...
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Nov 22, 2012
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we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus bad deals, this is where i disagree with some of think kol a colleagues here. maybe you do too. if this is deal that jacks up tax rates, the capital gains rate, dividend rate, if it has a millionaire surtax as senator collins said, that's not such a hot deal. how would they react to a high tax on investor type of deal. >> they limit investments. they make investments less attractive. the stock market doesn't want a big raise on capital gains and dividends. the stock market is okay with a small one. the best is the 39% ordinary income tax hike. but essentially leave dividends and capital gains
we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus...
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Nov 13, 2012
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and so far the worries about the fiscal cliff don't understand it. even though the people that watch cnbc don't know what to panic about. i know, no one ever made a dime panicking. we know from the numbers, and the earnings report that is we got, people are spending increasing amounts on their homes. there is no way we won't have a new spike up in foreclosures. the bankers ceo reductions in pay are going to happen if they don't get this done. those people don't know what awaits them. third, investments should go down in value. people buy stocks because the interest from cash or bonds is lower than post tax dividends or stocks. they should sell some of those stocks. they should take a chance that it goes to the higher income rate. however, a great deal of the stock owned by individuals are better than bonds. and the tax rate of dividends is irvel vent. they are natural buyers and take up to slack on the move down. they cushion us. others shouldn't sell because the dividends of others are so high. how would you feel of passing up on the gain of home de
and so far the worries about the fiscal cliff don't understand it. even though the people that watch cnbc don't know what to panic about. i know, no one ever made a dime panicking. we know from the numbers, and the earnings report that is we got, people are spending increasing amounts on their homes. there is no way we won't have a new spike up in foreclosures. the bankers ceo reductions in pay are going to happen if they don't get this done. those people don't know what awaits them. third,...
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Nov 6, 2012
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on the fiscal cliff when there are so many issues. julian, thanks. cnbc will have you covered from head to toe for election day with up to the second results and analysis and reports from the key battle ground states. special coverage will start at 5:00 p.m. eastern time. >>> slim gains for european stocks. around about 7:3. yesterday the ftse and dax down around half a percent. off of the session high. xetra dax up a third. a number of stocks have reported this morning. bmw beat expectations. they expect to earn a record amount this year. marks and spencer, stock is up. they talk about a weakness in clothing. adecco, they see a hiring pick up in the u.s. helping to offset the crippling weakness in the eurozone. and hanover beating forecasts saying it will be able to absorb damage claims from sandy without effecting its annual disaster budget. on the currency markets, aussie dollar 1.0423. rba keeping rates steady. dollar-yen slightly weaker, but still above 80. euro-dollar out of the 1.28 range that we've been trading in. that's wher
on the fiscal cliff when there are so many issues. julian, thanks. cnbc will have you covered from head to toe for election day with up to the second results and analysis and reports from the key battle ground states. special coverage will start at 5:00 p.m. eastern time. >>> slim gains for european stocks. around about 7:3. yesterday the ftse and dax down around half a percent. off of the session high. xetra dax up a third. a number of stocks have reported this morning. bmw beat...
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Jan 2, 2013
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let's look at the fiscal cliff deal. the legislation extends the bush tax era, bush era tax cuts for those individuals making less than $400,000 or if you're married $450,000. estate tax goes up five points to 40%. over $5 million. but would have gone to 55% for anyone over a million dollars. but there is plenty the deal doesn't do. no additional spending cuts immediately. of course we'll do those later. that's nothing -- don't be worry good that. >> we have $110 billion in sequester. >> yeah. >> it gets pushed off to the time -- about the same time -- >> doing this in a month and a half. >> the debt ceiling was not addressed. we'll face mini cliffs. the buttons are going nowhere. involving the debt ceiling, the farm bill expiration and unemployment benefits running out. the markets ended a strong -- we ended strong for the year of 2012. up 166 if you recall on new year's eve even though the fiscal cliff tax dragged on well beyond the 11th hour. futures, as we said, are surging this hour. starting off the new year with a
let's look at the fiscal cliff deal. the legislation extends the bush tax era, bush era tax cuts for those individuals making less than $400,000 or if you're married $450,000. estate tax goes up five points to 40%. over $5 million. but would have gone to 55% for anyone over a million dollars. but there is plenty the deal doesn't do. no additional spending cuts immediately. of course we'll do those later. that's nothing -- don't be worry good that. >> we have $110 billion in sequester....
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Nov 23, 2012
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we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this conversation eating spam in cave in the woods. >> that's good to know. he may be judging from what his weekends are like. >> that's an official view. >> where's the love? happy holidays to everybody. >> spam is not good. >> it's delicious. >> dan, thanks for stopping by. sears, kmart, walmart, best buy adding last-minute deals to sales list for black friday shoppers. find out what the deals are when president and chief marketing officer of sears and kmart joins us. that's next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-be
we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this...
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Sep 28, 2012
09/12
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what i'm a little bit more worried about is the cliff, the fiscal cliff. we've been looking at kind of guidance from corporations and seeing where they're seeing the biggest risks. what i find pretty amazing is that nobody's been talking about the fiscal cliff up until last quarter. we counted the number of companies that actually explicitly referred to fiscal cliff in their transcripts. we found that only about less than 10% of companies are actually citing this as a major risk, which i think is something to be a little bit worried about as we sort of near the that . >> okay. so they're underestimating the potential impact of that. >> yes. >> go ahead. >> nope. finish your thought. >> i think that there are some sectors like for example health care which is probably most directly impacted by fiscal spending cuts. that is one sector that's actually sort of -- it's pretty cheap at this point. it might be discounting more risk. but if you look at other sectors that are more indirectly impacted, for example the consumer sector, if we do have a reversal or if
what i'm a little bit more worried about is the cliff, the fiscal cliff. we've been looking at kind of guidance from corporations and seeing where they're seeing the biggest risks. what i find pretty amazing is that nobody's been talking about the fiscal cliff up until last quarter. we counted the number of companies that actually explicitly referred to fiscal cliff in their transcripts. we found that only about less than 10% of companies are actually citing this as a major risk, which i think...
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Nov 14, 2012
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if we do fall off the fiscal cliff, this will end. there is no way we won't have a new spike up in foreclosures. the bankers ceos reductions in pay are going to happen if they don't get this done. those people don't know what awaits them. third, investments should go down in value. people buy stocks because they get a return versus cash or bonds because interest from cash or bonds is lower than post tax dividends or stocks. they should sell some of those stocks. they should take a chance that it goes to the higher income rate. however, a great deal of the stock owned by individuals are better than bonds. and the tax return of dividends is irrelevant. they are natural buyers and take up the slack on a big move down. they cushion us. others shouldn't sell because the dividends of others are so high. how would you feel about passing up on the gain of home depot? which brings us to the last and most important reason why we aren't crashing. the prospect of being out of the market the day we get a resolution, even a sub par one, remember wh
if we do fall off the fiscal cliff, this will end. there is no way we won't have a new spike up in foreclosures. the bankers ceos reductions in pay are going to happen if they don't get this done. those people don't know what awaits them. third, investments should go down in value. people buy stocks because they get a return versus cash or bonds because interest from cash or bonds is lower than post tax dividends or stocks. they should sell some of those stocks. they should take a chance that...
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Nov 9, 2012
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cliff and what would happen if we went over that fiscal cliff. first before we get to all of that, andrew has this morning's top stories. >>> good morning. we have a big day ahead of us. and the fiscal cliff conversation begins today. president obama will be making a statement on the economy. he'll speak from the east room of the white house at 1:05 eastern time. you can of course catch all of it right here on cnbc. john boehner is also scheduled to hold a you news conference today, as well. st. louis fed president james bullard is saying the u.s. economy is strengthening. but he's cautioning that leaders must tackle the looming fiscal cliff. a conversation we can't get away from. speaking in missouri yesterday, bullard also says he doubts the central bank will extend a bond maturity extension program that expires at the end of the year. bullard is not currently a voting member, but he will ebb in 2013. and china's national congress continues with new leaders for the communist party set to be named later this morning. today a rising star said the
cliff and what would happen if we went over that fiscal cliff. first before we get to all of that, andrew has this morning's top stories. >>> good morning. we have a big day ahead of us. and the fiscal cliff conversation begins today. president obama will be making a statement on the economy. he'll speak from the east room of the white house at 1:05 eastern time. you can of course catch all of it right here on cnbc. john boehner is also scheduled to hold a you news conference today, as...
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Dec 26, 2012
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you've turn fiscal cliff into a verb meaning do you or do you not fiscal cliff your portfolio. i'm guessing you don't think it's in general a smart idea? >> i think it's difficult to time any event, let alone something like this, particularly when politics is involved. it's quite fashionable to be handicapping what if anything is going to be done, a grand bargain, a downpayment, whatever you want to define it as. at the end of the day the underlying fundamentals of the united states look relatively decent to us. we ultimately think the fiscal cliff will be rendered into a slope and as a consequence one needs to remain equitized because they remain undemanding. in the event you do get some solution, i think they're primed to continue to advance. >> let's pretend for a moment that we don't. we go through the new year. we go through the first week, still nothing, still nothing. there will be a line, mark, won't there where companies start to make cuts in advance of what they pretty much know will be a decline in consumer demand? >> i think you're right, carl. we saw evidence of th
you've turn fiscal cliff into a verb meaning do you or do you not fiscal cliff your portfolio. i'm guessing you don't think it's in general a smart idea? >> i think it's difficult to time any event, let alone something like this, particularly when politics is involved. it's quite fashionable to be handicapping what if anything is going to be done, a grand bargain, a downpayment, whatever you want to define it as. at the end of the day the underlying fundamentals of the united states look...
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Dec 28, 2012
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. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the new year, mandy. >>> bring it on. the s&p 500 is on track for a fifth straight decline. some of the hope does seem to be coming out of the market of late for a deal. of course, there could still be time. nonetheless, what we have seen is a drop of 1.3% so far this week. indead, the s&p's longest losing streak in three months. even the good news on home sales. not helping the three major averages which are on pace for their biggest weekly drop in six weeks. keep in mind, many investors are still away for the holiday shortened week. volume is light. that does tend to exacerbate market swings. let's get down
. >>> there is a full cornucopia of cliffs on this fiscal friday. the president plans to pop another tax proposal on congress, but will it pass? the clack is ticking. latest ahead. >>> so what would a cliff jump really mean for american business? you will hear directly as we reconvene our exclusive small biz all-star panel. >>> plus, call it the retail hu "hunger games." three companies that may not survive. >>> predictions 2013. big calls for the...
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Oct 17, 2012
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they're concerned about the fiscal cliff. so they're holding back on hiring and spending plans that could really make a dent in unemployment. >> not that either candidate wants to leave the unemployed behind but my question, when the president said -- and it was sort of rare to hear this degree of candor -- those jobs aren't coming back, some of them. that was a signal to me that the economy is changing and that maybe we'd better get ready for a higher what we would call full employment rate. >> well, the president has been making the argument since he has been in office that we need to change some of the economic foundation long term, change the energy foundation of the economy to enhance our economic growth long term. invest in education and job training and that sort of thing. you've got a real contrast in the campaign because mitt romney's most powerful moments last night were when he was hammering away at the inability of the president in these four years to deliver improved economic data. now steve just mentioned the se
they're concerned about the fiscal cliff. so they're holding back on hiring and spending plans that could really make a dent in unemployment. >> not that either candidate wants to leave the unemployed behind but my question, when the president said -- and it was sort of rare to hear this degree of candor -- those jobs aren't coming back, some of them. that was a signal to me that the economy is changing and that maybe we'd better get ready for a higher what we would call full employment...
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Dec 21, 2012
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we may all be focused on the fiscal cliff. we may see the talks blowing up right in front of our eyes. even as the averages denied washington's gravitational pull, the dow gaining 60 points, s&p climbing .55%, nasdaq advancing .20%, we know when the president or the speaker of the house comes on the tube these days, the market is going to get hammered. sell, sell, sell, sell, sell, sell. even if it is just temporary. >> sell, sell, sell. >> the only thing you need to know is the time they're going to come on. if you could just blast out of some aggressive growth stocks or sell some s&p futures when see them walk to the podium, you could probably coin money! i'm surprised the president doesn't start his talks by saying, look, look, america, i'm about to send the s&p 500 down a percent with what i say. how about the speaker? maybe he should say you better dump your apple now. suffice it to say we all have to keep one eye on washington and hope they don't poke it out with their endless failure to rise above partisanship. when we
we may all be focused on the fiscal cliff. we may see the talks blowing up right in front of our eyes. even as the averages denied washington's gravitational pull, the dow gaining 60 points, s&p climbing .55%, nasdaq advancing .20%, we know when the president or the speaker of the house comes on the tube these days, the market is going to get hammered. sell, sell, sell, sell, sell, sell. even if it is just temporary. >> sell, sell, sell. >> the only thing you need to know is the...
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Dec 20, 2012
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i think it's really the fiscal cliff. all the attention on the fiscal cliff and no action is really producing i think a dampered view from small business and they're kind of waiting on the sidelines right now. >> but on the other side, if you're a company and we go over the fiscal cliff, how the heck do you figure out the paycheck and what has to be taken out unless you call paychecks? >> depending on the number of regulations, there's probably going to be more regulation and that does help us. but we'd like to see new business formation get back to where it was a few years ago and i think you have to get past these things. what you're seeing in our clients, they're not opening up their second location, not hiring more employees. it's kind of quiet. our client base is still positive but it's starting to moderate. 1.8 to 1.2 is a key metric. the journal felt that it wouldn't happen and it didn't but now it does seem to be happen happening. >> the 1.2 was impacted by hurricane sandy. we had about 20% of our clients impacted
i think it's really the fiscal cliff. all the attention on the fiscal cliff and no action is really producing i think a dampered view from small business and they're kind of waiting on the sidelines right now. >> but on the other side, if you're a company and we go over the fiscal cliff, how the heck do you figure out the paycheck and what has to be taken out unless you call paychecks? >> depending on the number of regulations, there's probably going to be more regulation and that...
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Jan 15, 2013
01/13
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cliff deal, because in the fiscal cliff deal they added $4 trillion of new spending, so that's where i want to get your take on. i understand that you don't want to use the debt ceiling debate as -- as any leverage, you know. this is important. this is important for the u.s. as well as the world, so you don't want to use it as leverage, but why is it that it's always about taking off the gloves and fighting over it rather than coming up with real spending cut ideas? we still have not seen spending cut ideas to what we have, the 16.4 trillion or even, you know, projected spending, so where are the spending cut ideas, and when is that going to happen if you don't use some of these opportunities to actually get spending cuts on the table? >> well, the fortunate part is you follow this stuff, and if they would quit using the word cut. not cutting anything. can't believe when you say change the cost of living allowance to the changed cpi and save 108 billion in ten years or cutting, you know, balancing the budget on the backs of poor old seniors. when they wander up to the window in 2031
cliff deal, because in the fiscal cliff deal they added $4 trillion of new spending, so that's where i want to get your take on. i understand that you don't want to use the debt ceiling debate as -- as any leverage, you know. this is important. this is important for the u.s. as well as the world, so you don't want to use it as leverage, but why is it that it's always about taking off the gloves and fighting over it rather than coming up with real spending cut ideas? we still have not seen...
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Oct 15, 2012
10/12
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this is a kind of guy not worried about the fiscal cliff. >> that fiscal cliff did not come up. he did not talk about the election or the debate. >> there is only one thing you wonder are things not as good as the market thought given the stock price move at sprint. are things not as good at sprint. what's t-mobile. what kind of quarter will t-mo report. they're not in any talks, anything with -- >> why can't that be killed? why does that come up? >> this morning they put it out this deal will not deleverage sprint. it won't improve the margins or get sprint any beachfront real estate and might be forced into another deal and the only other partner would be a metro -- people keep bringing it up. >> i kept thinking -- last this been consolidated. >> the key part of the deal down the road will be you're going to have a public currency. this public can if allowed by the government con sal date. conceivable a t-mobile pcs could be consolidated by sprint down the road if, in fact, regulators allow it. certainly something we would expect mr. man, masayoshi son would want to do. >> he
this is a kind of guy not worried about the fiscal cliff. >> that fiscal cliff did not come up. he did not talk about the election or the debate. >> there is only one thing you wonder are things not as good as the market thought given the stock price move at sprint. are things not as good at sprint. what's t-mobile. what kind of quarter will t-mo report. they're not in any talks, anything with -- >> why can't that be killed? why does that come up? >> this morning they...
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Jun 1, 2012
06/12
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how do you see the policymakers looking at the fiscal cliff? the drum beet over the fiscal cliff has gotten louder oaf the last couple days from policymakers. do they have a response to it? businesses are paralyzed not knowing what's going to happen next year. >> it is like this. they close one eye and tilt their head, are you kidding me? we are coming through one of the worst recessions and lackluster recoveries and you guys are going to do this? i think if we can get them their actual reaction it would be like, come on, guys. the fed is doing all of the work when it comes to the economy. the fiscal side has stopped and now you're telling me it is going to get worse. that's what i think the fed guys are going to say. >> steve, thank you for breaking that down. b.k., while you are at it, give us a trade based on what steve is talking about. you can react to what whitney tilson said as well. >> yeah, i think there's a couple trades out there. it is tough to buy on days like today, but i think what the action is showing us is that one, the fed is
how do you see the policymakers looking at the fiscal cliff? the drum beet over the fiscal cliff has gotten louder oaf the last couple days from policymakers. do they have a response to it? businesses are paralyzed not knowing what's going to happen next year. >> it is like this. they close one eye and tilt their head, are you kidding me? we are coming through one of the worst recessions and lackluster recoveries and you guys are going to do this? i think if we can get them their actual...
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Dec 21, 2012
12/12
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. >> and the fiscal cliff. >> the fiscal cliff, we'll be all right. on january 2nd, there would be a bill to lower taxes on 98% of the country. the rich will be at 39.6%. it's going to work perfectly. it's going according to planned. anyway, according to the mayan calendar, 6:00 a.m. eastern time was the end of the world. we have some shots. let's look at hong kong. i don't think that's hong kong, but hong kong looks okay. it's still there. sydney, australia, is -- people are probably having some shrimp on the barbie or in fosters. there's the eiffel tower in paris. >> nice day out there. >> cafes r still there. geneva looks to be in pretty good shape, too. who is the other guy that said it was going to end? >> didn't he reset another date? >> yeah. and that one came and went, too. and he's mad. he was wrong. >> that we're still here? >> yeah. did you -- like my kids didn't do their homework. >> oh, really? >> why would they? why would they do their homework yesterday? that's going to be a problem. >> you read all those stories about people doing the
. >> and the fiscal cliff. >> the fiscal cliff, we'll be all right. on january 2nd, there would be a bill to lower taxes on 98% of the country. the rich will be at 39.6%. it's going to work perfectly. it's going according to planned. anyway, according to the mayan calendar, 6:00 a.m. eastern time was the end of the world. we have some shots. let's look at hong kong. i don't think that's hong kong, but hong kong looks okay. it's still there. sydney, australia, is -- people are...
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Dec 4, 2012
12/12
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and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama proposals by saying you're not cutting spending, you're not coming to us on entitlements, but it's falling flat. no one's really listening and the white house has controlled the debate that it's all about the upper 2%. the first thing in texas you do is shrink the size of government, wouldn't you? >> well, we did that. we faced a substantial budget shortfall. we have a constitutional amendment that requires us to have a balanced budget, which frankly america needs that. >> i don't know what would happen. >> most states have that. >> the states that are -- i
and i'm talking about the fiscal cliff now. i wonder if you were at 25% of gdp, if the government had grown to this size where it is right now and you were trying to figure out how to deal with it and you were in charge, would it be all about -- would the first thing you come up with be raising taxes? would not -- wouldn't you address the spending -- wouldn't you address the spending side of -- >> right. >> -- and, you know, the republicans are trying to criticize the obama...